Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
The regional stage of the II All-Russian Family Festival of Savings and Investments has ended in Moscow. 21 Moscow teams competed for the right to reach the final of the competition. Participants demonstrated their knowledge of investment products and an effective approach to savings, as well as their intelligence, erudition and resourcefulness.
This year, the festival includes three stages – municipal, regional and federal. Families from 29 regions of Russia participate in them. The qualifying rounds were held in the format of intellectual tournaments, quizzes, tests and other events. The organizers of the Moscow stages are the capital Department of Finance and the city’s Center for Financial Literacy.
The first qualifying round took place during the financial literacy day at the Northern River Terminal. The event was attended by 39 Moscow teams, for whom the organizers prepared several competitive tasks. Thus, it was necessary to find the right solutions in matters of distributing the family budget and insuring savings, as well as analyze simulated situations, trying to recognize the actions of illegal investment companies and false brokers.
The second stage was held in the Technograd Innovation and Education Complex at VDNKh. The winning teams took part in quizzes, intellectual games and master classes. Vladimir Shibeko, a festival participant, said that the topic of savings was easy for his team, but they had to think about investments.
“The tasks turned out to be tricky, but that’s what made it even more interesting. Especially in the quiz, where questions on financial topics were presented in the context of literature, history, and art. It was difficult to give an answer in 10 seconds, but we managed,” Vladimir Shibeko shared.
The game “Financial Ingenuity” helped test the participants’ knowledge of budget planning, forming a financial goal and creating a safety cushion. During the intellectual tournament “Investments for All” families discussed the stock market, securities and various investment methods.
In addition, educational events were held especially for the festival participants: a lecture on savings products and a master class on a long-term savings program. Experts explained how non-state pension funds help create additional income in the future and a financial safety net in case of unforeseen situations.
Yulia Simonova, a participant of the festival, shared her impressions, noting that it was not just a competition, but a real training platform. After each test, experts from the financial literacy center analyzed the participants’ mistakes in detail and gave recommendations on choosing financial instruments. All this turned out to be very exciting and useful.
The expert jury recorded the points scored by the teams. As a result of the calculations, the Nadvorny family team, represented by four participants of different generations, became the leader. They demonstrated excellent knowledge in the field of finance, and now they will have to compete with other winners from 28 regions of Russia for the title of the most financially literate family in the country. Irina, the team captain, noted that many rivals presented serious competition.
“We understand how strong our opponents will be in the final, so we are already preparing for the final stage of the festival. We have thought out a strategy that we will follow. We will try to win the title of the most financially literate family in Russia,” Irina Nadvornaya noted.
The second place was taken by the Simonov family, and the bronze prize winners of the festival were the Rudenkovs. The participants of the competition received certificates and memorable gifts.
The final will take place on September 6–7 this year at the Financial University under the Government of the Russian Federation.
The All-Russian Family Festival of Savings and Investments was held for the first time in 2024. The competition is organized by the Financial University under the Government of the Russian Federation, and the main partners are the Ministry of Finance of the Russian Federation and the Research Financial Institute of the Ministry of Finance of the Russian Federation. This year, 3,200 teams took part in the municipal stage, and 629 families from all over the country took part in the regional stage.
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